Top Economic Development Stories from 2022

January 31, 2023

Each year, we like to look back at the top Utah economic development stories of the past twelve months. Thanks to our investors and partners such as the Governor’s Office of Economic Opportunity for making EDCUtah’s involvement in these 2022 events possible. In roughly chronological order:

A Tech Industry Highpoint

In January, LiveView Technologies, Inc. announced it will expand its Orem headquarters bringing up to 3,400 new high-paying jobs in the next 10 years. Capital expenditures associated with the project are $328.2 million. LiveView Technologies provides a cloud-based software platform that collects, stores, and organizes data from various sensors via cellular networks. Read more about Project Wire.

Utah’s Engineering Advantages

In March, the University of Utah’s Dean of the College of Engineering, Richard B. Brown, shared the news of a significant new agreement signed with the Idaho National Laboratory, and gave his perspectives on the long-running effort to expand engineering talent in our state. Read the full interview.

The Burgeoning Electric Battery Industry

The EDCUtah project pipeline saw expansion in an emerging sector. In April, Jabil, Inc. announced plans to bring up to 150 new high-paying jobs to Tooele County during the next seven years. Capital expenditures associated with the project are $10 million. At this facility, Jabil will receive large batteries from various clients and make mechanical and electrical enhancements to meet specifications for utility-grade green power generation facilities. Read more about Project HS/Future.

Data on Diversity

May saw significant milestones for EDCUtah’s Center for Economic Opportunity & Belonging (CEOB) and its partners: The launch of the New Americans Task Force and the release of research from the American Immigration Council showing the positive economic impacts of new Americans in Utah. Read the full article.

Your Best Customer is Your Current Customer

In July, Nucor Insulated Panel Group, LLC, announced plans to bring up to 60 new high-paying jobs to Box Elder County during the next five years. Capital expenditures associated with the project are $33.8 million. Nucor has had several projects with EDCUtah over the years, most recently in March 2021. Read more about Project Bean.

Two Trends Converge: “Manufacturing” and “Rural Wins”

In May, Blue Core Labs, Inc. announced plans to bring up to 140 new high-paying jobs to Beaver County during the next five years. Capital expenditures associated with the project are $50 million. Blue Core Labs is a wellness product manufacturing and fulfillment company. Its products include clean water and nutritional products.

In July, Frulact USA, LLC announced plans to bring up to 131 new high-paying jobs to the Logan area during the next 15 years. Capital expenditures associated with the project are $75.6 million. Frulact is a food manufacturing company that develops and produces value-added and tailor-made ingredients for the food industry, especially fruit preparations, plant-based products, and flavors. Logan’s specific location offered strategic supply chain advantages in the form of access proximity to both key customers and raw ingredients.

Both of these projects are good examples of the rural wins that EDCUtah helped land in 2022, as well as examples of the continued strength in our manufacturing pipeline.

Lights, Camera, Diversity!

In 2021, EDCUtah teamed up with Comcast to amplify the experience of diverse professionals who relocated to Utah with a We Are Utah video and social media campaign. In the fall of 2022, the video received a national Telly award!

Financial Services Gets a Boost

The pandemic had slowed expansion projects in Utah’s financial services sector, but that showed signs of changing in October when Morgan Stanley announced plans to bring up to 800 new jobs, investing $1 million in the growth of its organization in Utah during the next 10 years. Read the full announcement.

Four Certified Sites to the Fore

In a multi-year effort that culminated in 2022, four communities followed a disciplined process to bring their own certified sites to market. The process assures companies and site selectors that critical documentation and community support exist for these sites, thus speeding development time and reducing development risk. The new sites include the Brigham City Industrial Park (320 acres), the Fillmore Certified Site (174 acres), the Ogden-Hinckley Airport Certified Site (approximately 100 acres), and the Salina Industrial Park (375 acres). And in related 2022 news, EDCUtah’s Community Strategy team assisted in bringing another Stage 2 mega site to market, the West Weber County Mega Site (891 acres). Learn more about Site Ready Utah.

Leadership Changes

In November, Theresa A. Foxley announced that after nearly six years, she would step down as president and CEO of EDCUtah to pursue the next opportunity in her career. She joined renewable energy developer rPlus Energies as the organization's chief of staff. Meanwhile, Scott Cuthbertson was appointed president and CEO of EDCUtah, bringing a strong background in management consulting, finance, and development.

To stay up to date on 2023 happenings, follow us on social media and bookmark our news page.

Sara Adelman

Vice President of Marketing